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Succession Arrangements for Family Companies
Family businesses are the backbone of Australia's economy, contributing over 70% of the nation's GDP and employing a significant portion of the workforce. However, their long-term success can be fragile, with only a fraction operated by the third generation....
Common ‘Special Conditions’ in Property Contracts and What They Mean
Buying or selling a property is a big deal, and the contract of sale is the key legal document governing the transaction. 'Standard form contracts' with ‘standard conditions’ are commonly used for residential property sales across Australia, although these vary...
How Mediation Can Help Resolve Your Family Law Matter
Mediation is a valuable and widely utilised method for resolving legal matters. This alternative form of dispute resolution is particularly valuable when it is desirable to maintain a relationship with the other party after the dispute, as is often the case in family...
Choosing the Right Executor for Your Will
Creating a Will protects your loved ones and ensures your wishes are followed after your death. One of the most important decisions in this process is choosing your executor: the person who will manage your affairs, pay your debts, and distribute your assets according...
Buying a Property? Don’t Skip the Pre-Settlement Inspection
Purchasing a property is a significant undertaking. One crucial step in the process that should not be overlooked is the pre-settlement inspection. This involves the buyer inspecting the property just prior to completing the purchase. In this article, we explore the...
Is Strata Living Right for You? – Considerations when Buying a Strata Unit
Strata living has become a cornerstone of urban life, offering convenience and potentially more affordable housing options for many Australians. Living in a strata scheme can offer benefits such as shared amenities and a sense of belonging within a community. However,...
Saving your rights to see your grandchildren
If you are a grandparent facing the challenging circumstances of a break-up in your family group, you may be worried about your right to continue seeing much-loved grandchildren. Unfortunately, after separation or family conflict, some grandparents may only see their...
An Executor’s Guide: What to Do When a Loved One Dies
Being an executor is a big responsibility, especially while dealing with the loss of a loved one. An executor is the person named in a Will to manage a deceased person's estate (property, finances, etc.) and carry out their final wishes. The role entails important...
Choosing a Business Structure
There are 4 main types of business structures for doing business in Australia, each with their own advantages and disadvantages. A person can carry on business as a sole trader, partnership, trust and company. The choice of business structure is an important decision...
Buying property off the plan – important considerations for purchasers
Buying ‘off the plan’ generally means purchasing a property that is not yet built. It might also involve buying a vacant lot in a planned subdivision. Unlike buying an existing property, a purchaser’s decision is based on plans and designs as opposed to a finished...